ABC corporation had the following Trial Balance as of July 31, 2022: Inventory 40,000 Cash 25,000 Supplies 5,000 Accounts Payable 10,000 Notes Receivable 8,000 Cars 32,000 Loan Payable 15,000 Sales Revenue 85,000 Rent Expense 7,000 Drawings 5,000 Salaries Expense 18,000 Furniture 20,000 Utilities Expense 6,000 Repairs expense 4,000 Capital ? Required: 1. Calculate the value of capital 2. Prepare an income statement for the month July